Commercial Financing

Commercial Financing Comparison

Commercial PurchaseCommercial Red Carpet LeaseCommerciaLease
Financing TypeTraditional BuyClosed-end leaseOpen-end lease
FeaturesFull Amortized loan
Sell or trade anytime 
No early payoff charges
Ownership after loan balance paid
 
Lessee is not responsible for residual
Good for predictable-use vehicles
Various kilometrage options
Lessee is responsible for excess wear and tear charges
Upfit vehicles not eligible
Lessee is responsible for residual value
Accomodates upfit vehicles
Upfits can be residualized
No kilometrage restrictions
No wear or tear lease-end charges
Various terms and residuals available
Eligible VehiclesNew, Certified Pre-Owned, or Used
Upfit vehicles
NewNew, Certified Pre-Owned, or Used
Upfit vehicles
Terms24-72 months24-48 months12-72 months